Electronic Wallets Clause Samples
Electronic Wallets. A Cardholder may register the Card with an electronic wallet such as Google Wallet, Apple Pay, Samsung Pay or another program if available that allows Card access through a “virtual wallet.” Once registered, the wallet may be accessed online and through a cell phone or other mobile device. You and your Cardholders should consider that there is risk of loss that may result from wireless transmission or loss of the mobile device. In this regard: • Purchases made using a virtual wallet may appear on the periodic statements with a phrase such as “Google Wallet” or other name for the virtual wallet provider, along with the name of the related merchant to assist with identification. • Cardholders may earn rewards or “offers” by engaging in virtual wallet transactions. You will have no automated controls over how the individual Cardholder uses or redeems any rewards or offers through our program. • We have no responsibility or liability whatsoever for any function, malfunction, delays or other problems, or any resulting loss, damage or liability, from enrollment in or use of Card through a virtual wallet program. • Use of the Card to fund a prepaid card is treated as a cash advance transaction.
Electronic Wallets. Customer may authorize Custom House to hold funds for Customer for up to 90 days, in one or more currencies as agreed by Custom House, pending further instruction for delivery of the funds to Customer or a beneficiary. If Custom House does not receive a timely Instruction for the disposition of such funds within such 90 days, those funds will be returned to Customer in the same currency in which they were delivered to Custom House. Customer acknowledges and agrees that Custom House shall not pay interest on funds held in the Electronic Wallet.